The Bay Names New President
The Bay, the Canadian luxury department store chain, reported that Iain Nairn, president and CEO, would retire in January 2023. Sophia Hwang-Judiesch has been appointed president of The Bay and Hudson’s Bay, comprising both the store and digital businesses.
Specialized Lays Off 8 Percent Of Its Workforce
Specialized Bicycle Components announced it was laying off 8 percent of its employees, including company-owned retail stores in the U.S. and overseas, as part of a “transformation.”
Life Time To Open Fitness Club In Prospect Heights
Life Time reached an agreement with the Brodsky Organization and Greenland USA to open a new athletic club at the recently opened Brooklyn Crossing development in Prospect Heights, Brooklyn.
Compass Diversified Divests Electronics Company Holding
Compass Diversified (CODI), which owns Velocity Outdoor, BOA, Marucci, Primaloft, 5.11 and others in the active lifestyle space, entered into a definitive agreement to sell its majority-owned subsidiary, Compass AC Holdings, Inc., the parent company of Advanced Circuits, Inc., to APCT, Inc., a manufacturer of printed circuit boards and the portfolio company of Industrial Growth Partners.
Adidas To Merge Canadian And U.S. Operations
Adidas confirmed that it is consolidating its operations in the US and Canada, according to Retail Insider.
Topgolf Sets Opening For Charleston
Topgolf will open its 87th global venue on January 20 in North Charleston, SC.
Anta Sports Sees Modest Decline In Q4 Revenue
Anta Sports reported that sales for the fourth quarter of Anta-branded product, in terms of retail value, declined in the high-single-digits compared to the same period in 2021.
Crocs’ Debt Ratings Outlook Revised To Stable
S&P Global Ratings revised its outlook on Crocs, Inc. to stable from negative on expectations that the company’s revenue and EBITDA would continue to grow despite a challenging macro environment.
Under Armour To Open Second Store In Manhattan
Under Armour has signed a 6,750-square-foot lease to open a store in the Flatiron District of Manhattan, according to The Real Deal.
BSN Sports, Under Armour Partner With Schreiner University
BSN Sports and Under Armour established a new athletic partnership with Schreiner University Athletics in Kerrville, TX.
Nike’s Mark Parker To Become Chairman Of Walt Disney
The Walt Disney Company elected Mark Parker, a seven-year member of the Disney Board and executive chairman of Nike, Inc., as chairman of its board of directors, effective following its annual meeting of shareholders.
Bare Performance Nutrition Names CEO
Bare Performance Nutrition promoted Kat Thomas to chief executive officer. The position was previously held by its Founder Nick Bare, who now assumes the role of chief creative officer.
REI To Open Athens Store
REI Co-op will open a new store in Athens, GA on February 10.
Academy Sports To Open Store In Lafayette, IN
Academy Sports + Outdoors, Inc. will open its first store in Lafayette, IN this spring in Lafayette Pavilions. This is the retailer’s fourth location in Indiana.
JD Sports Posts 20 Percent H2 Growth Across North American Retail Banners
JD Sports Fashion Plc, the parent company of Finish Line, DTLR and Shoe Palace in the U.S. and sports fashion and outdoor retail brands Blacks, JD, Millets, and Go Outdoors in the U.K., realized sales growth of more than 10 percent in its organic retail businesses through 22 weeks of the second half of 2022.
